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OIB Trade Alert: MRVL

Our Marvell Technology (MRVL) May Week One (5/6) 71 Put is deep in the money, so I am recommending we accept shares. We will continue to trade this core stock by selling calls to generate income. 

Current Stock Price: $57.9 

Cash in Hand: $1.76

Action: Accept shares

Cost Basis: $69.24

Potential Rate of Return: I am targeting breakeven for this position 

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